Pattern of Price: Lower Lows and Lower Highs. Price is clearly trending down, red trend lines, Triangle.
Short Term – 1h chart updated – Wave iii down of 5 down seems in progress, not finished yet. Lower Lows to come. Scenario invalid if 2022 breaks to the upside.
Medium Term – Daily Chart – Wave 5 down to finish Wave IV down.
RSI: Triangle. Often an early warning sign of volatility to come.
Time and Cycles: TTCM Date OCT 6 & 8. Bradley Model date OCT 9&10.
PutCall: biased towards puts. Click here.
SPX:VIX: click here.
S&P500 Daily Chart: same pattern as 1987 and 2011.
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